Price of Civilization Reawakening American Virtue and Prosperity

ISBN-10: 0812980468

ISBN-13: 9780812980462

Edition: 2012

Authors: Jeffrey D. Sachs
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Description: For more than three decades, Jeffrey D. Sachs has been at the forefront of international economic problem solving.  But Sachs turns his attention back home inThe Price of Civilization,a book that is essential reading for every American. In a forceful, impassioned, and personal voice, he offers not only a searing and incisive diagnosis of our country’s economic ills but also an urgent call for Americans to restore the virtues of fairness, honesty, and foresight as the foundations of national prosperity.As he has done in dozens of countries around the world in the midst of economic crises, Sachs turns his unique diagnostic skills to what ails the American economy. He finds that both political parties—and many leading economists—have missed the big picture, offering shortsighted solutions such as stimulus spending or tax cuts to address complex economic problems that require deeper solutions. Sachs argues that we have profoundly underestimated globalization’s long-term effects on our country, which create deep and largely unmet challenges with regard to jobs, incomes, poverty, and the environment. America’s single biggest economic failure, Sachs argues, is its inability to come to grips with the new global economic realities.Yet Sachs goes deeper than an economic diagnosis. By taking a broad, holistic approach—looking at domestic politics, geopolitics, social psychology, and the natural environment as well—Sachs reveals the larger fissures underlying our country’s current crisis. He shows how Washington has consistently failed to address America’s economic needs. He describes a political system that has lost its ethical moorings, in which ever-rising campaign contributions and lobbying outlays overpower the voice of the citizenry. He also looks at the crisis in our culture, in which an overstimulated and consumption-driven populace in a ferocious quest for wealth now suffers shortfalls of social trust, honesty, and compassion.Finally, Sachs offers a plan to turn the crisis around. He argues persuasively that the problem is not America’s abiding values, which remain generous and pragmatic, but the ease with which political spin and consumerism run circles around those values. He bids the reader to reclaim the virtues of good citizenship and mindfulness toward the economy and one another. Most important, he bids each of us to accept the price of civilization, so that together we can restore America to its great promise.  The Price of Civilizationis a masterly road map for prosperity, founded on America’s deepest values and on a rigorous understanding of the twenty-first-century world economy.From the Hardcover edition.

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Book details

List price: $18.00
Copyright year: 2012
Publisher: Random House Publishing Group
Publication date: 8/21/2012
Binding: Paperback
Pages: 352
Size: 5.25" wide x 8.50" long x 0.75" tall
Weight: 0.594
Language: English

Jeffrey David Sachs was born November 5, 1954, in Detroit, Michigan. He attended Harvard College, where he received his B.A. summa cum laude in 1976. He went on to receive his M.A. and Ph.D. in economics from Harvard, and was invited to join the Harvard Society of Fellows while still a Harvard graduate student. In 1980, he joined the Harvard faculty as an Assistant Professor and was promoted to Associate Professor in 1982. A year later, at the age of 29, Sachs became a Full Professor of economics with tenure at Harvard. During the next 19 years at Harvard, he became the Galen L. Stone Professor of International Trade, the Director of the Harvard Institute for International Development at the Kennedy School of Government (1995-1999), and the Director of the Center for International Development (1999-2002). Sachs is known for his work as an economic adviser to governments in Latin America, Eastern Europe, and the former Soviet Union. A trained macroeconomist, he advised a number of national governments in the transition from communism to market economies. Jeffrey Sachs has authored several publications. Some of his titles include Common Wealth: Economics for a Crowded Planet and The Price of Civilization: Reawakening American Virtue and Prosperity, which earned him a spot on Publisher's Weekly Best Seller List for 2011.

Preface to the Paperback Edition
The Great Crash
Diagnosing America's Economic Crisis
Prosperity Lost
The Free-Market Fallacy
Washington's Retreat from Public Purpose
The Divided Nation
The New Globalization
The Rigged Game
The Distracted Society
The Path to Prosperity
The Mindful Society
Prosperity Regained
Paying for Civilization
The Seven Habits of Highly Effective Government
The Millennial Renewal
Acknowledgments
Further Readings
Notes
Works Cited
Index
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